The Internet of Things and Security: Will Cisco Hold the Answer?

Do you dream of the convenience of a wholly connected experience at home, at the office, and in public spaces?

A completely networked existence, where all of our devices are connected to the network and can be controlled from a single point, otherwise know by the concept the “Internet of things,” proposes that all devices, whether they are your mobile device or your refrigerator, can theoretically be linked to one network—offering complete control over all of your appliance and devices with the swipe of a finger.

But, is this almost sci-fi goal safe?

When it comes to cyber security, there are many pessimists out there, and with good reason.

Focusing on the database hack at Target from the fall of 2013, the possibility of more persistent personal attacks is not unrealistic—especially on our own personal devices.

However, the issue of cyber security is not considered a roadblock but an opportunity to improve. In fact, Cisco, which develops technology for connectivity throughout all sectors of the workforce and private sector, has announced a contest to bring the best minds in cyber security together to create blueprints for security systems applicable for the Internet of things model.

The company is offering $300,000 for the top blueprint to help push the Internet of things model forward as a safe and viable model for the private and public sectors. According to Cisco, the $300,000 will be divided into prizes ranging from $50,000 to $75,000, producing about 6 different winning blueprints for the company to pursue. Entries will be judged on their feasibility and scalability.

The contest is open to participants around the world and aims to provide much-needed security for industries ranging from manufacturing to the smart grid.

This article was originally published by our content partner Corporate Tech Decisions